Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today.
Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.
Global comparable store sales increased 5%.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/02/Starbucks-Q1-2023-Earnings-Infographic-791x1024.jpg)
Net earnings attributable to Starbucks increased 4.8% to $855.2 million while EPS rose 7.2% to $0.74 compared to last year. Adjusted EPS grew 4% to $0.75, but fell short of estimates.
The company opened 459 net new stores in Q1, ending the period with 36,170 stores globally.
The stock was down over 3% in aftermarket hours on Thursday.
Prior performance
![Starbucks-Q4-2022-Earnings-Infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2022/11/Starbucks-Q4-2022-Earnings-Infographic-791x1024.jpg)
The post Infographic: How Starbucks (SBUX) performed in Q1 2023 first appeared on AlphaStreet.